Home Table of Contents

§ 10-4B-01. Maryland Small Business Innovation Research Technical Assistance Program

West's Annotated Code of MarylandEconomic DevelopmentEffective: October 1, 2020

West's Annotated Code of Maryland
Economic Development (Refs & Annos)
Division II. Independent and Regional Development Units and Resources [Titles 9-End] (Refs & Annos)
Title 10. Statewide Development Resources and Revenue Authorities (Refs & Annos)
Subtitle 4b. Maryland Small Business Innovation Research Technical Assistance Program (Refs & Annos)
Effective: October 1, 2020
MD Code, Economic Development, § 10-4B-01
§ 10-4B-01. Maryland Small Business Innovation Research Technical Assistance Program
Currentness
Definitions
(a)(1) In this section the following words have the meanings indicated.
(2) “Corporation” has the meaning stated in § 10-401 of this title.
(3) “Phase 0” means the initial application process for the federal Small Business Innovation Research grant program or the federal Small Business Technology Transfer grant program.
(4) “Phase I” means a small business has received up to $150,000 in federal Small Business Innovation Research funding for approximately 6 months or federal Small Business Technology Transfer funding for 1 year, with the meaning stated in 15 U.S.C. § 638.
(5) “Phase II” means a small business has received up to $1,000,000 in funding for up to 2 years to expand Phase I results, with the meaning stated in 15 U.S.C. § 638.
(6) “Program” means the Maryland Small Business Innovation Research Technical Assistance Program.
Established
(b) There is a Maryland Small Business Innovation Research Technical Assistance Program in the Corporation.
Purpose
(c) The purpose of the Program is to provide technical assistance to small businesses in the State by:
(1) encouraging small businesses, including economically disadvantaged small businesses, to apply for grants under the federal Small Business Innovation Research grant program and the federal Small Business Technology Transfer grant program; and
(2) providing grant applicants with technical assistance, including training assistance and assessments through Phases 0, I, and II of development.
Qualification
(d) To qualify for participation, a small business shall:
(1) have its principal business operations located in the State, have over half of its workforce working in the State, and intend to maintain its principal business operations in the State; and
(2) have not more than 50 employees.
Regulations
(e) The Corporation may adopt regulations establishing additional criteria for eligibility and allocation of assistance.
Services by nonprofit organization
(f) In accordance with the requirements of Division II of the State Finance and Procurement Article, the Corporation may procure a nonprofit organization located in the State to provide services under the Program.

Credits

Added by Acts 2020, c. 231, § 1, eff. Oct. 1, 2020; Acts 2020, c. 232, § 1, eff. Oct. 1, 2020.
MD Code, Economic Development, § 10-4B-01, MD ECON DEV § 10-4B-01
Current through legislation effective through May 9, 2024, from the 2024 Regular Session of the General Assembly. Some statute sections may be more current, see credits for details.
End of Document